In the month of October 2006, there was news saying that the American investment Bank Goldman Sachs is ready to invest in the India’s major real estate player DLF, which was an unlisted company in that time. The reports further claimed that Goldman Sachs is highly interested on investing in India that too with the DLF, which was carrying out many of the ventures in all over the country.
Speaking on the news the CFO of DLF Ramesh Sanka said that this is nothing but the fake news being spread and also denied the rumors and said the company has never been approached by any of the foreign institutions for investing in their upcoming projects.
Moreover, the Goldman Sachs had a business agreement and stakes with the Kotak Mahindra, the subsidiary of the Mahindra Group and the agreement was ended by march 2006, but the Goldman is still curious to continue the deals with Indian companies.
Source: NIMMA BENGALURU
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